VCITX Performance — Vanguard California Long-Term Tax-Exempt Fund, Investor Shares
Data updated: 2026-07-29
VCITX returned +1.58% year to date and +7.88% over one year to May 2026. Annualised returns are +4.36% over 3 years and +1.02% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $114, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 6.45% a year. In the 12 months to May 2026 the fund took in a net $436.7M, and assets reached $6.09B.
VCITX Growth of $100
What $100 invested in Vanguard California Long-Term Tax-Exempt Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | VCITX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $114 | $112 |
| 5 years (Jun 2021 – May 2026) | $105 | $103 |
| Since data start (Sep 2019 – May 2026) | $112 | $109 |
VCITX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.58% |
| 1 year | +7.88% |
| 3 years (annualised) | +4.36% |
| 5 years (annualised) | +1.02% |
VCITX Annual Returns
Calendar-year total returns of Vanguard California Long-Term Tax-Exempt Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.58% |
| 2025 | +3.97% |
| 2024 | +2.09% |
| 2023 | +7.51% |
| 2022 | −10.07% |
| 2021 | +1.93% |
| 2020 | +5.51% |
| 2019 (Sep–Dec) | −0.18% |
VCITX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −2.5% | +1.4% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.2% | −2.0% | −0.9% | −0.5% | +0.7% | −0.6% | +0.9% | +3.3% | +1.4% | +0.4% | 0.0% |
| 2024 | −0.1% | 0.0% | −0.1% | −1.2% | −0.1% | +1.8% | +0.9% | +0.8% | +1.2% | −1.5% | +1.8% | −1.4% |
| 2023 | +3.4% | −2.6% | +2.3% | −0.2% | −0.8% | +1.1% | +0.3% | −1.3% | −3.2% | −1.6% | +7.4% | +2.9% |
| 2022 | −2.9% | −0.4% | −3.6% | −4.0% | +1.9% | −2.8% | +3.5% | −2.7% | −4.4% | −0.8% | +6.0% | 0.0% |
| 2021 | +0.6% | −1.9% | +0.8% | +1.0% | +0.5% | +0.3% | +0.9% | −0.4% | −0.8% | 0.0% | +0.9% | +0.2% |
| 2020 | +2.0% | +1.5% | −3.9% | −1.6% | +3.7% | +0.6% | +1.9% | −0.6% | 0.0% | −0.2% | +1.7% | +0.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.7% | +0.1% | +0.1% | +0.3% |
VCITX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.45%
- 3-year Sharpe ratio: -0.02 (vs 4.5% risk-free rate)
- Best month: +7.41% (Nov 2023)
- Worst month: −3.15% (Sep 2023)
VCITX Fund Flows
Monthly money in and out of Vanguard California Long-Term Tax-Exempt Fund, from SEC Form N-PORT.
- 12-month net flow: $436.7M
- 12-month gross sales (incl. reinvestments): $1.6B
- Sales ÷ redemptions: 1.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $152.8M | $86.4M | $66.4M |
| Apr 2026 | $111.6M | $87.3M | $24.2M |
| Mar 2026 | $107.1M | $65.8M | $41.3M |
| Feb 2026 | $114.0M | $48.8M | $65.2M |
| Jan 2026 | $125.0M | $98.5M | $26.5M |
| Dec 2025 | $173.4M | $132.8M | $40.6M |
| Nov 2025 | $110.5M | $75.4M | $35.1M |
| Oct 2025 | $148.0M | $79.3M | $68.7M |
| Sep 2025 | $134.3M | $96.2M | $38.2M |
| Aug 2025 | $131.8M | $128.4M | $3.4M |
| Jul 2025 | $148.8M | $123.3M | $25.5M |
| Jun 2025 | $99.3M | $97.7M | $1.6M |
VCITX Assets Under Management
Net assets of Vanguard California Long-Term Tax-Exempt Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $6.09B |
| 2026-02-28 | $6.05B |
| 2025-11-30 | $5.84B |
| 2025-08-31 | $5.46B |
| 2025-05-31 | $5.43B |
| 2025-02-28 | $5.65B |
| 2024-11-30 | $5.68B |
| 2024-08-31 | $5.55B |
| 2024-05-31 | $5.28B |
| 2024-02-29 | $5.21B |
| 2023-11-30 | $4.91B |
| 2023-08-31 | $4.76B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.